Market Cap: $3.2924T -0.700%
Volume(24h): $104.5091B -6.310%
  • Market Cap: $3.2924T -0.700%
  • Volume(24h): $104.5091B -6.310%
  • Fear & Greed Index:
  • Market Cap: $3.2924T -0.700%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$105074.528045 USD

-0.43%

ethereum
ethereum

$2621.549395 USD

0.28%

tether
tether

$1.000419 USD

-0.02%

xrp
xrp

$2.211361 USD

-1.68%

bnb
bnb

$666.078228 USD

-0.14%

solana
solana

$153.930846 USD

-1.43%

usd-coin
usd-coin

$0.999839 USD

0.00%

dogecoin
dogecoin

$0.190358 USD

-2.34%

tron
tron

$0.272783 USD

1.19%

cardano
cardano

$0.674344 USD

-2.95%

hyperliquid
hyperliquid

$35.522762 USD

-2.63%

sui
sui

$3.202047 USD

-2.04%

chainlink
chainlink

$13.919736 USD

-2.44%

avalanche
avalanche

$20.239832 USD

-5.54%

stellar
stellar

$0.268004 USD

-2.06%

Cryptocurrency News Articles

The crypto market reversed course in the early Monday trading session

May 19, 2025 at 07:24 pm

The crypto market reversed course in the early Monday trading session after Sunday's rise, with nearly all major cryptocurrencies, including Stellar (XLM), trading in the red.

The crypto market reversed course in the early Monday trading session

Crypto traders woke up to a sea of red in the early Monday (8 August) trading session as the market reversed course after Sunday's (6 August) massive price increases. Nearly all major cryptocurrencies were trading in the red.

Stellar (XLM) fell 3.49% over the last 24 hours to $0.2814 at the time of writing, further extending its 10.87% weekly losses. Stellar's 24-hour trading volume is also increasing as traders capitalize on the market volatility, up 88.83% to $270 million according to CoinMarketCap data.

Stellar (XLM) is approaching a major support test as the cryptocurrency market experiences selling pressure, and the next move could be decisive.

According to crypto analyst Ali, XLM must hold the $0.27 level to avoid a steeper correction. A break below this key support could trigger a potential 14% decline, dragging the price down to around $0.23.

"Stellar (XLM) needs to hold $0.27 to avoid a 14% correction to $0.23," Ali stated in a recent post on X, formerly known as Twitter.

Now trading at $0.281, XLM touched a low of $0.276 in the early Monday session, highlighting that bulls are actively defending the $0.27 range to prevent further drops. If this is sustained, XLM might be seen retesting the daily SMA 200 at $0.323 before the May 12 high of $0.334.

On the other hand, more selling pressure might target a drop towards the $0.266 level at the daily SMA 50 before the $0.23 level.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Jun 05, 2025